Here's some food for thought:

the food truck industry in the U.S. is expected to exceed $2.7 billion of revenue by 2017

Many people wonder what exactly it takes to start a food truck and how much it costs. It may seem simple to start a food truck but the costs can add up.

The start-up costs can range significantly and can be anywhere from $30,000 to $115,000. Monthly costs can vary as well, starting at $3,000.

Here is a bite-size breakdown of the costs to consider:

Start-Up Cost Considerations

$25K - $100K (Truck – wrap and equipment)

$1K – $2K (Product inventory)

$100 - $500 (Permits and Licenses)

Free - $5K (Website)

Free (Social media)

$200 - $1K (Registration/POS)

$0 - $1K (Uniforms)

$300 (Serving products -plates/napkins/etc.)

$500 - $2K (Miscellaneous expenses - like menu boards, etc.)

$2K - $3K (Cooking utensils)

$100 - $300 (Fire extinguisher)

TOTAL: $30K - $115,000 One-time cost

Monthly Cost Considerations

$400 - $1.2K (Commissary – monthly)

$500 (Fuel – cost varies)

(Labor – cost varies)

$300 (Product Restock – cost varies)

$300 (Serving product restock)

(Insurance – cost varies)

Auto Liability Coverage

Auto Collision Coverage

General Liability Coverage

Property Insurance for equipment and inventory

Workers' compensation insurance

$1K (Repairs)

TOTAL: $3K – $5K Per month

As fans of food trucks, Titan Insurance is proud to help any new small business owner get started. Out of the lists above, we really have expertise in only one area…insurance. Our affordable insurance options make it just that much easier to get you started with your new business.

Titan Insurance, design, superhero and Savings without the Sacrifice are service marks of THI Holdings (Delaware), Inc. Nationwide Insurance is a service mark of Nationwide Mutual Insurance Company. Price based on March 2010 analysis of available national data for liability-only policies. Subject to underwriting guidelines, review and approval.